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Service Export sophistication and Europe's new growth model

Author:	Gable, Susanna Lundstrom; Mishra, Saurabh;	Collection Title:	Policy Research working paper ; no. WPS 5793
Country:	Europe;	Date Stored:	2011/09/12
Document Date:	2011/09/01	Document Type:	Policy Research Working Paper
Language:	English	Region:	Europe and Central Asia
Report Number:	WPS5793	SubTopics:	Public Sector Corruption & Anticorruption Measures; Economic Theory & Research; Housing & Human Habitats; Banks & Banking Reform; Commodities
Volume No:	1 of 1

Summary: Technology has changed the nature of service activities and made them more productive, tradable and fragmented in the global supply chain. Has Europe's growth been benefiting from the ongoing globalization of services? Services dominate growth in EU-15 countries and, to a lesser extent, in New Member States (NMS) and Accession (ACC) countries. Except in the ACC region, Europe has maintained specialization in service exports. Service productivity, tradability, and exports of modern services are high in EU-15, growing fast in NMS while at a lower pace in ACC. Service export sophistication is important for growth across the region, but especially in NMS.


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